Past year: ▼ 51%(1.00c – 5.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Oct 2018annual report● Neutral
2018 Annual Report: confirms the Lennard Shelf acquisition was completed in the year and shareholders approved the A$24M Duchess Paradise sale on 13 September 2018. Text shown is mostly contents and profile; no new financial figures.
26 Oct 2018quarterly activities report● Neutral
September quarter: shareholders approved the Duchess Paradise coal sale and the Lennard Shelf acquisition is complete (100% to Rey). A 12-month extension and suspension was granted for the Derby Block, and the ASF loan facility was extended. The coal feasibility update continues.
27 Sept 2018annual report● Neutral
Full-year statutory accounts for the year to 30 June 2018 are lodged. The text shown covers only the directors, corporate details and contents, with no financial figures, so the result cannot be stated here.
21 Sept 2018other● Neutral
Rey lodges an ASIC Form 484 under Listing Rule 3.8A. Administrative notice with no business information in the text shown.
31 July 2018quarterly activities report● Neutral
June quarter: Rey completed the Lennard Shelf acquisition and Perth Basin sale agreement, and after quarter end agreed to sell Duchess Paradise coal, subject to shareholder approval. Fitzroy permits were granted 24-month suspensions, deferring MT survey to January 2020.
30 July 2018other● Neutral
ASX lifts Rey's trading suspension after the Duchess Paradise sale announcement. Administrative notice.
30 July 2018asset acquisition disposition▲ GoodMajor
Rey agrees to sell Blackfin, holder of 100% of the Duchess Paradise coal project, to Yuanrun for A$24M: $2M non-refundable deposit and $22M convertible loan at 3% interest, convertible into project company shares on a listing. Needs shareholder approval; resolves the coal JV search.
20 July 2018other● NeutralMajor
ASX suspends Rey's shares at the company's request, pending an announcement about the proposed divestment of a material asset. Expected to last until 24 July 2018 at the latest.
18 July 2018debt financing● Neutral
ASF Group confirms its side of the increase in its facility to Rey from $2M to $2.5M, other terms unchanged. Duplicates Rey's announcement.
18 July 2018debt financing● Neutral
Rey agrees to raise the ASF loan facility from $2M to $2.5M, other terms unchanged. This is the third increase since the original $1M facility of October 2017.
6 June 2018other● Neutral
Rey lodges an ASIC Form 484 under Listing Rule 3.8A. Administrative notice with no business information in the text shown.
14 May 2018asset acquisition disposition● Neutral
Key Petroleum announces its side of the swap: it takes Rey's 43.47% of EP437, lifting its holding to 86.94% as operator, and exits the Canning Basin. Duplicates Rey's announcement and notes a Wye Knot-1 well targeted later in 2018.
14 May 2018asset acquisition disposition● NeutralMajor
Rey agrees to swap its 43.47% of Perth Basin EP437 (including the Wye Knot prospect) with Key Petroleum for 100% of the Lennard Shelf Blocks (EP104, R1, L15, about 1,145 km2) in the Canning Basin. It exits Perth Basin, with one EP104 well due by June 2019.
26 Apr 2018quarterly activities report● Neutral
March quarter: the regulator granted a 12-month deferral of the EP487 one-well commitment to end of 2019, giving time to pick the Butler well location. Replacement Fitzroy suspension applications were lodged 9 March. Coal feasibility review continues.
12 Mar 2018half year report▼ Bad
Half-year to 31 December 2017: net loss $408,000 versus $302,000 a year earlier, up about 35%, attributed to higher employee expenses and loan interest. $1M of the ASF facility had been drawn by 31 December.
2 Mar 2018debt financing● Neutral
Rey extends the $500,000 Wanyan Liu loan to 31 December 2019, and lifts the ASF facility to $2M with the same new maturity. Both loans were previously due in 2018, so near-term repayment pressure eases.
2 Mar 2018debt financing● Neutral
ASF Group confirms its side of the extension: the facility to Rey rises from $1.5M to $2M, with maturity 31 December 2019. Duplicates Rey's announcement.
24 Jan 2018quarterly activities report● Neutral
December quarter: the 64km Butler seismic was completed and processed, with high-quality data, and a well location review has begun. Fitzroy MT survey planning was discontinued pending suspension applications. The coal feasibility study review is still only planned.
18 Dec 2017debt financing● Neutral
Rey and ASF Group sign a deed raising the standby loan facility from $1M to $1.5M, all other terms unchanged. It extends the October 2017 facility and adds to Rey's borrowing from its 16.31% shareholder.
25 Oct 2017quarterly activities report● Neutral
September quarter: Terrex began the 64km Butler 2D seismic in EP487, with processing due in the December quarter. Wye Knot-1 drilling in the Perth Basin was deferred. Fitzroy JV lodged suspension applications over fracking-moratorium uncertainty. Derby work program variation approved 21 Sept.
19 Oct 2017other● Neutral
Corporate Governance Statement dated 19 October 2017 reports against the ASX governance principles. It says practices were compliant except for listed departures. Administrative, with no business news.
19 Oct 2017other● Neutral
Appendix 4G for the year to 30 June 2017 points to the corporate governance statement on the website. Administrative form with no business news.
19 Oct 2017annual report● Neutral
2017 annual report: the focus is gas exploration in the Canning and Perth Basins, with 100% of EP487 and operatorship gained. Chairman names the Ungani Trend as the Fitzroy priority and new 2D seismic planned. Text shown has no financial figures.
12 Oct 2017debt financing● NeutralMajor
Rey signs a standby loan facility of up to $1M with major shareholder ASF Group, at 12% a year interest, repayable 11 October 2018 or earlier on 3 months' notice. ASF holds about 16.31% of Rey. Adds to the July $500,000 loan.
12 Oct 2017debt financing● Neutral
ASF Group confirms its side of the up to $1M standby loan facility to Rey, at 12% interest, repayable 11 October 2018. It states a holding of about 16.31%. Duplicates Rey's announcement.
21 Sept 2017annual report● Neutral
Full-year statutory accounts for the year to 30 June 2017 are lodged, with directors' report and audit report. The text shown gives no financial figures, so no result can be stated here.
20 Sept 2017resource reserve update▼ BadMajor
Rey will review and update the 2011 feasibility study for Duchess Paradise coal and withdraws its coal reserve until the review is done. It expects no material reduction. The 305.8 Mt resource is unaffected. This reverses the earlier 26.3 Mt reserve figure.
18 Aug 2017drilling scheduled▲ GoodMajor
Rey will acquire 64km of new 2D seismic in late September 2017 over the Butler Prospect, 45km east of Derby in EP487. It estimates potential of 4 Tcf recoverable. Butler may extend into Buru's adjacent permit. This is unrisked potential, not a discovery.
19 July 2017quarterly activities report● Neutral
June quarter: Rey completed its purchase of Oil Basins' 50% and holds 100% of EP487. A heritage survey starts July, with new 2D seismic in the second half of 2017 and Terrex contract under negotiation. The coal mining licence hearing was extended.
7 July 2017other● Neutral
Rey publishes its Securities Trading Policy, covering insider trading rules for directors, employees and contractors. It is a governance document with no new business information.
